BlackBuck has raised Rs.25 crores in debt from Trifecta Capital to ramp up its business as few regions in India resume operations, claim sources. They mentioned that the company recently laid-off some 200 people after hitting a rough patch. Known to offer (and issue 250) Series-B debentures and (161) Tranche-B preference shares to Trifecta Capital at a price of Rs.10 lakh per share and Rs.10 (with a premium of Rs.1,93,579 per share) respectively, BlackBuck is said to be keen to meet its growth objectives. State sources that the company earlier secured Rs.56 crore in a mixed round of equity and debt funding from Trifecta Capital in November 2019. It has also raised around Rs.293 million till date from investors like Goldman Sachs Investment Partners, IFC and so on, they inform.

Leave a Reply

Your email address will not be published. Required fields are marked *

     

*